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☆ Meet WiFi Money: Wealthy Finance Influencers Who Infuriated Investors
▼ + stars: | 2024-05-19 | by ( Rob Price | ) www.businessinsider.com time to read: +26 min

The Texas couple were staring down more than $100,000 in debt, much of which they had poured into WiFi Money. Those who give their money to WiFi Money are often encouraged to sign up other people in return for a cut of their profits — and perhaps, one day, a chance to become part of the WiFi Money crew. As the money poured in, WiFi Money gained a patina of mainstream credibility. AdvertisementThrough WiFi Money, Moeller and Frederick had created a virtuous cycle of money and influence. The same month investors took WiFi Money to court over the stores, DBC announced it was closing down.

Persons: Alex Moeller, influencer, Jasmine Sadry, Joey Martin, Martin, Moeller, Chris Frederick, Casa Moeller Martinez, MentorCI, Kim Kardashians, Gary Vee, Uber, Etsy, Farnaz Ghaedipour, Frederick, Jay Gatsby, Scott Fitzgerald's, Brandon Celi, There's, Billy, Chris Casey, There's Todd Cahill, Liz Friesen, Tana Mongeau, Kardashian, —, James Ragano, BI Moeller, wouldn't, Kyle McDougal, Sadry, Kyncey, McDougal, hustlers, Kevin O'Leary, Jordan Belfort, Ronaldinho, Glenn Beck, I've, he'd, Daemon, I'm, they'd, It's, Chris Costello, Francis, Ashley, Costello, Gatsby, Casey, Avery Williamson, Victor Bermudez, DBC, They're, Instagram, Rolex Submariner Organizations: WiFi, Lamborghini, McLaren, Fox News, YouTube, Invest, Stanford University, PBS, BI, Social, Yahoo Finance, Business, Times, Piccadilly Circus, Fort, DMs, Kyncey Investments, Amazon, Kyncey, Investors, CNN, Fox Business, Big Tech, Florida Tropics Soccer Club, Royce, WiFi Money, Federal Trade Commission, WifiMoney, IRS, NFL, Dallas, Rolex Locations: Instagram, Mexico, Texas, Dallas, Quito, Ecuador, @amoeller, Florida, pecs, Maryland, Europe, Illinois, Mita, Burj, Fort Worth, dropshipping, Brazilian, New York City, ensconced, Minnesota, Los Angeles, Munich

☆ A millionaire who retired at 36 and invested in 9 index funds shares how one would have yielded him an extra $680,000 if he had picked it instead — and the funds he's decided to sell
▼ + stars: | 2023-07-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

He learned about target-date funds, which pool a basket of individual funds designed to rebalance the securities based on your years to retirement. Then, he compared the result to having 100% of the amount invested in a target-date index fund called the Fidelity Freedom Index 2050 Investor (FIPFX). "If I could go back in time, I would dump every penny to my name in a single target-date index," Schneider said. Pie chart breakdown of nine initial index funds Portfolio Visualizer, Jeremy Schneider. Additionally, holding a target-date fund in a regular brokerage account instead of a tax-advantaged account may not be tax optimal.

Persons: Jeremy Schneider, wouldn't, Schneider, patted, Visualizer, it's, FIPFX Organizations: Finance, DB, Fidelity

☆ A 'boxed-in' Fed will tank stocks from dot-com-level valuations after it raises rates, warns Morgan Stanley Wealth Management's CIO. She shares 5 areas of the market to find safety in.
▼ + stars: | 2023-03-22 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

With returns bound to be muted, Shalett likes investments outside of US stocks. "Market psychology has been shaken, setting off a dynamic that likely raises the odds of an imminent recession. Morgan Stanley Wealth ManagementShalett doesn't expect the size of decline her Morgan Stanley colleague Mike Wilson sees. However, with spreads widening and long-term rates reflecting a more reasonable terminal value, bonds are a decent relative portfolio hedge," Shalett said. And finally, active money managers like hedge funds should outperform in an environment where index returns are muted, Shalett said.

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